Obama Challenges Clinton to a Tax Return Show Off

Barack Obama posted on his website 7 years of his and his wife’s, Michelle, tax returns. Assuming this move would show he has nothing to hide, he now urges Hilary Clinton to do the same. However, Obama’s tax returns do have some interesting things to point out.

Despite Obama’s so much controversy over Obama’s membership in the Trinity United Church of Christ, he didn’t give even near to 10% of their income to Trinity United Methodist Church, or at least they didn’t list it.

It is also worth noting that Michelle Obama had a big increase in her salary after her husband Barack was elected to the Senate, and that Barack had a substantial income from his “books” over the last two years.

Here’s an overview of Obama’s Tax Returns from the CBS News political unit:

2006: Joint income totaled $991,296 (includes $430,700 combined salaries; $506,618 business income and $51,200 from Treehouse Foods, where Michelle sat on the corporate board). Breakdowns of the above numbers aren’t immediately available. Also, the couple donated $60,307 to charity (includes $22,500 to Trinity United Church of Christ; $15,000 to CARE; $13,107 to the Congressional Black Caucus; $5,000 to Muntu Theatre and $4,700 to miscellaneous charities)

2005: Joint income totaled $1,670,995 (includes $154,047 for B. Obama’s Senate salary; $316,962 for Michelle’s University of Chicago Hospital salary; $874,167 from Random House; $335,206 from Dystel & Goodrich and $45,000 in “other income” from Treehouse Foods and Bay Valley Foods, where Michelle sat on the corporate board). They gave $77,315 to charity (includes $5,000 to Trinity Church of Christ; $11,315 to misc. charities; $25,000 to Illinois Reading Council; $20,500 to Rochelle Lee Fund and $16,000 to CARE)

2004: Joint income totaled $207,342 (includes $32,144 to B. Obama from University of Chicago; $53,288 state senator salary and $121,910 for Michelle’s University of Chicago Hospital salary). The couple gave $2,500 in miscellaneous charity contributions.

2003: Joint income totaled $238,327 (includes $64,287 to Barack from University of Chicago; $58,151 state senator salary, and $115,889 for Michelle’s University of Chicago Hospital salary). They gave $3,400 to miscellaneous charities.

2002: Joint income totaled $226,300 (includes $69,287 to Barack from University of Chicago; $58,187 state senator salary and $98,826 for Michelle’s University of Chicago Hospital salary). The couple gave $1,050 to miscellaneous charities.

2001: Joint income totaled $176,965 (no breakdown provided on salary, however this includes $98,158 in “business income” B. Obama reported from side work as an attorney). They gave $1,470 to miscellaneous charities.

2000: Joint income totaled $212,999 (no breakdown provided on salary, however this includes $16,500 in “business income” B. Obama reported from side work as “foundation director/educational speaker”). They gave $2,350 to miscellaneous charities.

And that was the news on Obama’s Tax Return.

Technorati Tags: obama s tax returns, obama taxes, obama tax return, camp douglas, barack obama tax return

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